Still waiting for a clear buy signal | 08 May 2018

Wave Analysis

Yesterday, Bitcoin barely moved towards our target set at 10073.03, instead this crypto consolidated around 9352 and is yet to make any significant move upwards. Today, and in the next few days, we expect a possible extension of the impulsive waves (v) and (c) to the upper side and should break above 10073.03 towards 13694.45 to the upperside. This view can only be invalidated in case the price breaks below 8603.06, if this is the case, then the price will likely to continue dropping towards 7304.13.

Trade Recommendations:

Still waiting for a clear buy signal towards 10073.03

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.